View Single Post
Old
08-22-2012, 08:59 PM
  #237
Lonny Bohonos
Kassian = P.A.G.A.N
 
Lonny Bohonos's Avatar
 
Join Date: Apr 2010
Country: United Nations
Posts: 7,321
vCash: 500
Quote:
Originally Posted by sticknrink View Post
You mean those 0% 40year mortgages (LOL) that the BoC allowed into effect in 2003 and decided to eliminate just a few months ago?

We have some dodgy mortgages on the books, especially in Vancouver where average household income is $70k.
Good old cash back mortgages to.

In top of this we have record high personal debt levels. People have been financing their lifestyles through things like home equity loans.

Lonny Bohonos is offline